HA T3-1 System | Page 54 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

The System Behind the System, by Merlin Jeffries 16 replies

200 Ema system - help me build a system ! 19 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: HA T3-1 System
Exit Attachments

HA T3-1 System

  • #1,061
  • Edited 7:29pm Mar 10, 2010 6:11pm | Edited 7:29pm
Quoting wickar
Thank you, that was quite powerful. I sure have way to. I thought that the EAs did all the hard work & all one had to do was pull the "triger"

go.quote=jesperweber;3523889]With respect, I disagree with you. Automated trading with expert advisors is not for newbies, but for experienced traders.

When you leave trade decisions to an expert advisor, you should fully understand the logic behind it -- understand and endorse it. If you are insecure about it, there is a high risk of fiddling with trades the EA took, just as with manual trades, because...
[/quote]

I like to think of the "expert" grammatically as an object ("advisor to the expert"), not an attribute
  • #1,062
  • Mar 11, 2010 2:57am Mar 11, 2010 2:57am
Quoting roachroach
eurusd, usdchf, gbpusd, gbpcad, eurcad, nzdusd, audusd, , audjpy, usdjpy, eurjpy, gbpjpy, gbpcad, usdcad. A lot of good signals since yesterday.

Hey roachroach what is yours entry rules as they are a lot of difrent aproches out there.

Thnx
  • #1,063
  • Mar 11, 2010 4:45am Mar 11, 2010 4:45am
Quoting wickar
What is the usual Success Rate with this very well simplyfied method. I would like to try it out as I to get confused with watching too many indicators. Thanks
Success rate is up to you, I guess. How well you read and understand the market and the signals.
  • #1,064
  • Mar 11, 2010 7:00am Mar 11, 2010 7:00am
Quoting ingmar82
Did domebody took the usd/jpy signal today i just jumped in alreay bit profit
I did round 8:30 GMT, +15 pips now. Valid entry.
  • #1,065
  • Mar 11, 2010 7:18am Mar 11, 2010 7:18am
Quoting brokerslo
Hey roachroach what is yours entry rules as they are a lot of difrent aproches out there.

Thnx
Entry Long: H4 second bar after confirmed HA blue arrow, TL blue, AO+; M30 blue cci zone.
S/L: last swing low (this can be quite large, reason why I try to get in as early as possible, so I'm not too far from from that swing).
B/E: when H4 ATR(14) in profit is reached.
T/P: H4 red signal.

My rules are the same as Tonys's, except I don't enter a trade in the middle of an H4 trend (too late, too risky for me, afraid of a retracement): I always and only enter just after a confirmed H4 signal. And my S/L is placed beneath/above swings. I tried the 30-40pip SL and got stopped too often, for nothing.


Is anyone having trouble with the swiss? those nasty spikes are unpredictable...
  • #1,066
  • Mar 11, 2010 7:49am Mar 11, 2010 7:49am
All my long trades are going against me because of US news!!!

Do you avoid trading this system when news are coming?
  • #1,067
  • Mar 11, 2010 8:37am Mar 11, 2010 8:37am
You should avoid trading high impact news with almost any system. Too risky.
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #1,068
  • Mar 11, 2010 8:47am Mar 11, 2010 8:47am
Quoting Baniu
You should avoid trading high impact news with almost any system. Too risky.
I don't think avoiding to trade around news is realistic -- a good H4 trend should be sufficiently free of noise to survive spikes from news.

Key is to not load up on too many correlated positions. If you have too many xxxUSD positions, they will move in the same direction based on the impact of the news, and the results basically boil down to luck. If, on the other hand, the risk-management is good, having one position taken down by news that fundamentally changes the trend (as opposed to just a knee-jerk spike) should not be dramatic.

Jesper
  • #1,069
  • Mar 11, 2010 9:06am Mar 11, 2010 9:06am
Quoting roachroach
All my long trades are going against me because of US news!!!

Do you avoid trading this system when news are coming?
I had the same with many of the /JPY pairs and E/U. I closed them out in the green. I did notice that those which were above the daily fib pivot are now recovering. Those that were long positions but, below the daily pivot when news hit, are now continuing down. My intent here is to suggest the addition of Fib Pivots as tool while in the trade, not as an entry filter unless news is nearby.

PS, I like the volatility stop (ATR x Multiple) as a trailing stop. Given a large enough multiple, these long positions would now be back to level for me.
  • #1,070
  • Mar 11, 2010 9:56am Mar 11, 2010 9:56am
Quoting roachroach
All my long trades are going against me because of US news!!!

Do you avoid trading this system when news are coming?
As I said in my previous post, I don't really think you can avoid trading around or through news -- H4 is too long-term get in and out of the market any time data is released.

Again, key is to not overtrade and load up too much on correlated positions. One option would be to hedge all or part of your positions before the news comes out. This wil protect you against drawdown, on the other hand you would not benefit from spikes in the direction of your trade; but it keeps you in the longer trend without suffering from noise. And if that trend starts going against you because the fundamental picture changed with the data release, at least you locked the position while the trend was still on your side.

(I want to add that in principle I'm not a big fan of hedging. Please don't ask me for concrete advise on the hows and whens).

Jesper
  • #1,071
  • Mar 11, 2010 10:51am Mar 11, 2010 10:51am
I had 7 positions running during news (-120 pips at the worse time), only one hit my stop (placed under the last swing) by just a few miserable pips, and they are now all heading up again. Positive again! This, IMO, is a good example of the use of large stops in H4 systems: trend is stronger than news...
  • #1,072
  • Mar 11, 2010 2:26pm Mar 11, 2010 2:26pm
Dear all !

Can't see the HA candles anymore after switching to TH D1 or W1 ? Which parameter of the indi "Heiken_Ashi_Ma_T3-1" we have to change to resolve this problem ?
  • #1,073
  • Mar 11, 2010 2:37pm Mar 11, 2010 2:37pm
Anybody have the programming skills to make an alert/dashboard when all the signals line up? Ie. AO and HA on 4H + CCI and HA on 30 min. I have tried working with the HA-T3 indicator but cannot figure out how to incorporate it into multi time frames. It is a bit over my head.

Thanks for the great system.
  • #1,074
  • Edited 2:58pm Mar 11, 2010 2:55pm | Edited 2:58pm
Quote
Can't see the HA candles anymore after switching to TH D1 or W1 ? Which parameter of the indi "Heiken_Ashi_Ma_T3-1" we have to change to resolve this problem ?
just right click on the chart and select indicators list from the drop down menu and from the indicator list box, double click on "Heiken_Ashi_Ma_T3-1 and from the edit box that pops out just click OK.

thats all its like refreshing it or reapplying it.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #1,075
  • Mar 11, 2010 4:57pm Mar 11, 2010 4:57pm
sorry - but refreshing without any changing of at least one of the parameters in the "input" section of the indi doesn't help me - switching to TF D1 I have only the bars on my chart ?
  • #1,076
  • Mar 11, 2010 6:41pm Mar 11, 2010 6:41pm
Make sure all timeframes is checked under the visualization tab.
  • #1,077
  • Mar 11, 2010 6:54pm Mar 11, 2010 6:54pm
Thanks ! That helps ! Prob resolved !
  • #1,078
  • Mar 12, 2010 9:10am Mar 12, 2010 9:10am
+668 pips this week thanks to Tony!
I hope you all made some nice pips too!
  • #1,079
  • Mar 12, 2010 9:11am Mar 12, 2010 9:11am
Quoting jesperweber
I don't think avoiding to trade around news is realistic -- a good H4 trend should be sufficiently free of noise to survive spikes from news.

Key is to not load up on too many correlated positions. If you have too many xxxUSD positions, they will move in the same direction based on the impact of the news, and the results basically boil down to luck. If, on the other hand, the risk-management is good, having one position taken down by news that fundamentally changes the trend (as opposed to just a knee-jerk spike) should not be dramatic.

Jesper...
I see your point. I meant really important news (high impact) such as Unemployment Claims or Non- Farm Payroll. Paying attention to too many low and medium impact news could paralyze trading on higher time frames.

By the way , I like your approach to trading and I would like to digest your system as I need something to play on higher time frames (daily to hourly).
I have visited your thread and it looks really professionally.
Currently I'm using MTF trix system with success but on faster TM (30-5).

Thanks for sharing your knowledge and giving support.

Cheers,
Baniu
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #1,080
  • Mar 12, 2010 9:26am Mar 12, 2010 9:26am
does anyone see 90.6 as a good support region? just chewing the fat here, but what would your sl / tp targets be and why?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 266 KB
Time flies like an arrow; fruit flies like a banana.
3 traders viewing now